Moody's Investors Service affirmed its "A1" rating on Washington, D.C.-based Children's National Medical Center's series 2015 revenue bonds, affecting $364.3 million of debt.
The affirmation is a result of several factors, including the medical center's dominant market position, volume growth and strong operating metrics. Moody's also acknowledged the medical center's high reliance on governmental payers and increasingly competitive service area.
The outlook is stable, reflecting Moody's expectation that Children's National will maintain its strong operating profitability to further strengthen its balance sheet.